Anti-Money Laundering Compliance

For insurance and legal representatives, complying with anti-money laundering (AML) regulations is crucial. However, conducting due diligence checks can be time-consuming, costly, and overwhelming.

CRIF provides AML tools to help insurance companies and legal representatives know their customers better.

AML Check is a user-friendly and comprehensive solution that enables real-time verification of an individual's personal details against a range of content-rich sources. With its user-friendly interface and real-time screening capabilities, insurers and legal representatives can quickly verify the personal details of individuals, including positive, negative, domestic, and international databases, such as PEP and Sanctions data.

Covered industries

Business People 15 400 (1)

AML Check

By checking the identity of an individual and having a comprehensive view of their personal profile, the user can manage business risks, confidently conduct due diligence for anti-money laundering purposes and effectively prevent fraud. The ease and speed at which information can be accessed will positively impact business and operational decisions.

CRIF AML Check fulfils your obligations as instructed by the Joint Money Laundering Steering Group (JMLSG).

Key benefits

Comprehensive screening

Real-time screening against positive and negative databases, including domestic and international sources such as PEP and sanctions data. Creditworthiness and financial standing assessment and verification against the Full Electoral Roll is available as an option.

For financial Institutions

Faster customer validation process

Identification of potential risks and customers requiring further investigation, enabling you to protect your business and safeguard your reputation. Instant verification of the validity of paper proof-of-identity documents and bank statements.

Cost optimisation

By streamlining the identity check process, you can optimise resources and reduce administrative overheads.

Thorneycroft Solicitors use CRIF ID and AML Check services integrated into Proclaim, the Eclipse Legal Systems' case management system. The Practice Manager at Thorneycroft Solicitors said, "The CRIF Search has revolutionised how we run our required due diligence checks, combining a multitude of qualitative and quantitative checks in one convenient search. The system integration via the Proclaim case management system was simple and the service has proven to consistently save us time every day for a number of years".

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